Explore how a TTR pension could help you transition to retirement while maintaining your lifestyle, reducing tax, or boosting your super balance.
Select the strategy that best matches your retirement goals. Each approach offers different benefits depending on your circumstances.
Use TTR pension to make voluntary super contributions while maintaining your current income
Supplement reduced employment income with TTR pension for a gradual transition to retirement
Access additional income from your superannuation while continuing to work full-time
Everything you need to know about Transition to Retirement pensions in Australia
A TTR pension allows Australians aged 55+ to access their superannuation while still working. You can draw a pension from your super fund while continuing to work and contribute to super, helping you transition gradually into retirement.
You must be aged 55 or over (or meet another condition of release) and have superannuation benefits that are 'preserved' or 'restricted non-preserved'. The pension can only be drawn from benefits that have reached your preservation age.
Key benefits include: accessing your super while working, potential tax savings through salary sacrifice, maintaining your lifestyle while reducing work hours, and the ability to boost your super balance through the transition to retirement tax concessions.
Yes, risks include: investment market volatility affecting your super balance, potential changes to superannuation legislation, the irreversible nature of some decisions, and the impact on Age Pension eligibility. Professional advice is recommended.
TTR pensions are generally tax-free if you're 60+. Between preservation age and 60, the taxable component is taxed at marginal rates with a 15% tax offset. The tax-free component is always tax-free regardless of age.
You can combine employment income, TTR pension payments, and other investments. This flexibility allows you to manage your total income for tax efficiency, maintain cash flow while reducing work hours, and optimise your overall retirement strategy.
TTR strategies can be complex and highly individual. For advice tailored to your specific circumstances, consider speaking with a licensed financial adviser.
General Information Only
This calculator provides general information only and does not constitute personal financial advice. Results are estimates based on the inputs provided and current ATO rates. Your actual tax obligations may differ. Please consult a licensed financial adviser before making any financial decisions.
A comprehensive guide to TTR pensions including real examples, tax treatment, and eligibility rules.
Transition to retirement involves several moving parts — pension drawdowns, salary sacrifice, and tax implications. If you'd like to talk through how it works for your situation, book a free call.